Thursday, January 29, 2009

Best Buy plans layoffs at headquarters

Electronics retailer Best Buy Co (BBY.N), which offered voluntary exit packages to corporate workers in December in a bid to cut costs, said on Tuesday it planned involuntary layoffs at its Minneapolis headquarters.

Employees were told on Tuesday about the layoffs and further details will be released on February 19, Best Buy spokeswoman Sue Busch Nehring said in an email.